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South Korea Prepares to Enter
Game of Mergers, Takeovers

By

Namju Cho Staff Reporter of The Wall Street Journal

Updated March 20, 1997 12:01 a.m. ET

SEOUL, South Korea -- The South Korean government, sharpening a package of regulations that will take effect April 1, announced yet another measure to encourage mergers and acquisitions among the country's often-coddled corporations.

This new move would have ruled out much of the takeover defense deployed this month by Midopa Co. and its parent, Dainong Group, to ward off a hostile bid.